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My trades by Dave

  • #1,601
  • Sep 12, 2006 7:58am Sep 12, 2006 7:58am
Quoting xxDavidxSxx
euro$ long 1.2723

s/l 1.2699 edit: dropping s/l just below pivot 1.2690, dunno what I was thinking.

all singnals in buy mode and 8 ema crossed 55ema and price broke previous short 2 high candles.


Dave
-33....took me out on some minor news.

re-entered @ 1.2717

s/l 1.2680 just below where it found support.

If ewo and CCI signal down I'll reverse position

Dave
  • #1,602
  • Sep 12, 2006 5:51pm Sep 12, 2006 5:51pm
Quoting xxDavidxSxx
-33....took me out on some minor news.

re-entered @ 1.2717

s/l 1.2680 just below where it found support.

If ewo and CCI signal down I'll reverse position

Dave
s/l hit -37 pips

I reversed order at 1.2690 s/l1.2715 above 55 ema.

This one is going nowhere either so far, and pivot is at 1.2689

I just pt for -2 pips. its not often i get 3 ewocci signals that hit s/l in a row but price action suggest this might be one of those times.

Here was chart at time of reverse entry. Now just waiting.

Dave
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  • #1,603
  • Sep 12, 2006 5:57pm Sep 12, 2006 5:57pm
here is current chart. If the ewo cci crosses into buy territory I will go long.

If the price breaks low of 1.2672 and cci crosses -100 line I'll go short.

Dave
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  • #1,604
  • Sep 12, 2006 7:37pm Sep 12, 2006 7:37pm
price did dip 2 pips below yesterdays low but cci remains above -100 line and has pulled back.

No trades.

I don't get whats going on with euro$. Other $ pairs and euro pairs are making more of a move in the past 2 days. While euro$ is just hanging around pivot. Catching rays and sippin martinis. Lazy euro$...lol

$chf and gbp$ has given good ewocci signals. euro$ usually moves close to the same patterns as those 2.

Dave
  • #1,605
  • Sep 14, 2006 10:48pm Sep 14, 2006 10:48pm
There was an ewocci signal on euro$ on news this morning but I never trust a signal when news causes it.

I don't see a signal comming for me this week. Plus I am unhappy with euro$ movement the past 2 weeks.
I am going to diversify to gbp/$ and gbp/jpy. They look to have good signals and great movement.
So I'll start posting trades on those 2 also. I know alot of you will like to see that too.

CPI is out in the morning for euro and dollar. Probly see more useless wipsaw on euro$.

I couldn't have traded today if I wanted because I was having fxdd switch my meta3 account to meta 4. I cann't wait to see how it does on news. I have heard the data on mt4 don't create as much PC lag as mt3.

Dave
  • #1,606
  • Sep 15, 2006 7:33am Sep 15, 2006 7:33am
cool MT4 is great I'd have never been able to type this durring volitility on MT3.



Dave
  • #1,607
  • Sep 16, 2006 4:51am Sep 16, 2006 4:51am
dave would you happen to have a wave counter i could use for mt4?
  • #1,608
  • Sep 16, 2006 6:42am Sep 16, 2006 6:42am
Quoting fixme1too
dave would you happen to have a wave counter i could use for mt4?
what kind of wave counter? Do you meat the gartly pattern indacater? And wolf wave indacater?
  • #1,609
  • Sep 16, 2006 9:34am Sep 16, 2006 9:34am
no i was talking about the elliot wave. i see in ur thread u posted sometimes when confusing about the wave count in elliot wave u hade an indicator that could help see the wave count better. this was when you were using the elliot wave to trade. by the way how come u stop using EW. this was back in the begining of ur thread.
  • #1,610
  • Sep 17, 2006 10:46pm Sep 17, 2006 10:46pm
Quoting fixme1too
no i was talking about the elliot wave. i see in ur thread u posted sometimes when confusing about the wave count in elliot wave u hade an indicator that could help see the wave count better. this was when you were using the elliot wave to trade. by the way how come u stop using EW. this was back in the begining of ur thread.
The wave counter I was using is for meta3. I identified possible wave 1 and 2.


I use e-wave for an over all trend direction. If you look a few pages back to the beginning of this month I posted a wave count with a previous post I quoted from the beginning of last month pointing out that I made the call that a wedge would form on the daily chart, and that over the month it did what I thought it wound do.

I still use it on lower time frames when the wave count is obvious. But on lower time frames its hard to identify the count because long consilidation peroids. I would love to trade e-wave based on daily charts only but would require huge 100+ pip s/l and my account cann't handle s/l's of that size. Or actually my nervs cann't. Not untill I have enough equity where 2-3 100-150 pip s/l won't make me blink. I can usually tell you where it gonna go just not when its gonna go there.

I use an elliotte wave oscolater that helps identify the beginning and end of a wave. Still requiring 40-60 pip s/l. And combined with CCI indacater and daily pivots. But it might need to form more waves befor going to its overall direction.

Right now its extended down out of the wedge alot further than I thought it would. E-wave always has more than one possible wave count that is viable.

Dave
  • #1,611
  • Sep 18, 2006 2:27pm Sep 18, 2006 2:27pm
Incase any one is wondering, I passed up a buy signal today on ewo,cci. I want to see a couple waves form first to give me a view of whats gonna happen next. I'd like to see an impule wave with a corrective wave follow it.

The move up we are in should goto 1.2835 at least. I made this chart this morning befor any move was made. I wanted it to show the 1.2835 target but the margin moves back when it saves the chart. And wanted to see the result of that 9 am est news. The tiny green line at the bottom of the wave was supposed to be the arrow showing the move.

Dave
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  • #1,612
  • Sep 19, 2006 3:20am Sep 19, 2006 3:20am
hey dave,

i'm currently working on a really nifty indicator if ur interested. The reason i'm putting it here in ur thread is because it basically works very much like ur system with only a few slight differences. The ideas have come to be the same - it waits for a cross on the CCI, and a cross of 2 emas, which is a lot like ur system, it only leaves out the pivot.

the main differences is the value of the EMAs used and the value of the periods of the CCIs (not one, but 2, a long cci and a short, but still a 0LineCross must be met on both of them)

the EWO and awesome indicator is nice, but i dont beleive that any one currency has a set moving average - different currencies move differently, at different rates, and therefor have different volatilites, so one set moving average isnt gonna work for all of them. What i'm trying to do is make an expert that can adapt to each currency's properties, having it's own set of "magic numbers" for each currency. Let me know if ur interested in looking into it, i'd actually like some input from someone who's been using a system almost identical to this one with a lot more experience at it than me.
  • #1,613
  • Sep 19, 2006 4:28am Sep 19, 2006 4:28am
Quoting rip1999eternal
hey dave,

i'm currently working on a really nifty indicator if ur interested. The reason i'm putting it here in ur thread is because it basically works very much like ur system with only a few slight differences. The ideas have come to be the same - it waits for a cross on the CCI, and a cross of 2 emas, which is a lot like ur system, it only leaves out the pivot.

the main differences is the value of the EMAs used and the value of the periods of the CCIs (not one, but 2, a long cci and a short, but still a 0LineCross must be met on both of them)

the EWO and awesome indicator is nice, but i dont beleive that any one currency has a set moving average - different currencies move differently, at different rates, and therefor have different volatilites, so one set moving average isnt gonna work for all of them. What i'm trying to do is make an expert that can adapt to each currency's properties, having it's own set of "magic numbers" for each currency. Let me know if ur interested in looking into it, i'd actually like some input from someone who's been using a system almost identical to this one with a lot more experience at it than me.
sounds good. A 13/34 ma cross or a 21/55 works well on euro/$ and $chf and gbp/$ But gbp/jpy and $/jpy are different.

and CCI is a powerfull indicater as well. But on gbp/jpy a 0 line cross on 1hr charts mean little. A 100 line cross back tward 0 on 4hr charts are good combined with pivot cross. Ewo on gbp/jpy is worthless.

Thats all I got off the top of my head.
  • #1,614
  • Sep 19, 2006 4:43am Sep 19, 2006 4:43am
Quoting xxDavidxSxx
sounds good. A 13/34 ma cross or a 21/55 works well on euro/$ and $chf and gbp/$ But gbp/jpy and $/jpy are different.

and CCI is a powerfull indicater as well. But on gbp/jpy a 0 line cross on 1hr charts mean little. A 100 line cross back tward 0 on 4hr charts are good combined with pivot cross. Ewo on gbp/jpy is worthless.

Thats all I got off the top of my head.
thanx a mil.

i trade mainly on 4 hour charts tho, so my numbers are aimed for that.
i'll look into it anyway tho (shorter time span means quicker $, but longer time span holds more momentum and significance over the smaller time frames, and 4hr seems balanced between the higher and lower timeframes to me)

here's the link to my thread

http://www.forexfactory.com/forexfor...070#post102070
  • #1,615
  • Sep 19, 2006 5:09am Sep 19, 2006 5:09am
wow what a fall the euro/$ took. The move up yesterday ended at 78.6 retrace and now the fall down has done the same. Could these be the impule wave and corrective wave I have been waiting for? We'll see. As long as 1.2630 holds support, this move down could be a wave 2 because wave 2 can retrace 100% of wave 1.

Dave
  • #1,616
  • Sep 19, 2006 3:39pm Sep 19, 2006 3:39pm
Euro$

the chart I posted where the price dropped out the bottom of the wedge, and I gave a prediction of an up move. Its gonna form another wedge befor this move happens. So I won't get buy happy quite yet. Once the wedge is more prominant I'll draw up a new chart. Range bound for now

Dave
  • #1,617
  • Sep 20, 2006 2:13am Sep 20, 2006 2:13am
Quoting xxDavidxSxx
Euro$

the chart I posted where the price dropped out the bottom of the wedge, and I gave a prediction of an up move. Its gonna form another wedge befor this move happens. So I won't get buy happy quite yet. Once the wedge is more prominant I'll draw up a new chart. Range bound for now

Dave
here is our wedge I spoke of. Price should be targeting the top wedge line now. 1.2700/12

Dave

edit: this wedge suggests that the break out might be down. the current move up yo target the top trend line looks like wave "e" of this wedge. This could give a false beak of the top line as wave e tends to over extend and reverse and break the other way. The wave e of the bigger wedge above this did over extend but hasn't reversed back and gone up yet. "yet"

This makes for an uncertian time and I suggest caution with small targets and tight s/l's if making trades on euro$.

Dave
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  • #1,618
  • Sep 20, 2006 2:20am Sep 20, 2006 2:20am
Quoting xxDavidxSxx
I expect the price to rise back to the range because according to elliott wave wave E tends to over extend. And that is supposed to be the signal that the price will break out on its next trip to the top.

Dave

Edit: here is a paragraph from e-wave lessons....
Triangles appear to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. Triangles contain five overlapping waves that subdivide 3-3-3-3-3 and are labeled a-b-c-d-e. A triangle is delineated by connecting the termination points of waves a and c, and b and d. Wave e can undershoot or overshoot the a-c line, and in fact, our experience tells us that it happens more often than not.
here is the post with e-wave quote from lesson book.
  • #1,619
  • Sep 20, 2006 10:22am Sep 20, 2006 10:22am
Quoting xxDavidxSxx
here is our wedge I spoke of. Price should be targeting the top wedge line now. 1.2700/12

Dave

edit: this wedge suggests that the break out might be down. the current move up yo target the top trend line looks like wave "e" of this wedge. This could give a false beak of the top line as wave e tends to over extend and reverse and break the other way. The wave e of the bigger wedge above this did over extend but hasn't reversed back and gone up yet. "yet"

This makes for an uncertian time and I suggest caution with small targets and tight s/l's if making trades on euro$.

Dave
top line is at 1.2710 look for this to top out here.

Dave
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  • #1,620
  • Sep 20, 2006 10:30am Sep 20, 2006 10:30am
Quoting xxDavidxSxx
top line is at 1.2710 look for this to top out here.

Dave
actually this could keep going. The above statement from e-wave sais e can under shoot trend line as the bottom of this wave did. If this is the correct count this price will break out here...

if not then wave labled E is actually D and this wave up is E. meaning it can over shoot giving false signal and then break out the bottom.

reason I think this is possible is cause wave I labled D undershot trend line.

This is why I stopped trading strictly off of e-wave analisys. Too many possibilitys

Dave
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